WASHINGTON—Five U.S. airlines have agreed to tentative terms that will net them access to a U.S. Treasury loan program set up to support business during the COVID-19 pandemic.
Alaska Airlines is steadily reducing its cash burn and is on track to be back in the black sometime in 2021, Alaska Air Group president and CEO Brad Tilden said.
Quarantine regulations pose as much of a threat to restoring air links in the Middle East and Africa as the COVID-19 pandemic itself, according to IATA.
Japan Airlines (JAL) plans to build up its domestic network toward its pre-COVID-19 size in 2020, as the airline’s passenger demand shows encouraging growth.
Hawaiian Airlines is reinstating service on several routes to the U.S. mainland now that Hawaii is lifting its 14-day quarantine requirement for out-of-state travelers, providing they have already tested negative for COVID-19 prior to traveling.
The global COVID-19 pandemic—which has wreaked havoc with the plans of millions of travelers—has also created severe knock-on effects for airlines and cabin interior manufacturers. Even though more than half of the world’s passenger fleets are back in service, it is clear the airline industry is not likely to recover fully for at least two to three years.
El Al Israel Airlines has stopped all flying until July 31 while the outcome of drawn-out discussions with the Ministry of Finance regarding a $400 million state-guaranteed loan remains unclear.
United Airlines will add close to 25,000 flights in August, as it cautiously restores capacity in response to steadily increasing domestic travel demand.
FRANKFURT—IATA warns that a recent rise in COVID-19 cases has already weakened bookings in the second half of June and could severely impact the expected recovery of air travel.
